Venezuela Central Bank Is Preparing Fresh Data for the IMF
- IMF has given Venezuela until Nov. 30 to comply with request
- Venezuela hasn’t reported GDP, inflation data since 2016
Facing pressure from abroad and running out of cash, Venezuela’s central bank is preparing to hand over comprehensive economic statistics to the International Monetary Fund to avoid sanctions including potential expulsion from the lender, according to two people with direct knowledge of the matter.
Failing to deliver data to the IMF since 2016, the central bank has left Venezuela watchers guessing during years of economic meltdown, marked by rampant food shortages and spiraling consumer prices. Following a conference call between the bank and IMF officials last week, technicians at the central bank began working to deliver new growth and inflation data to meet a strict Nov. 30 deadline, said the people, who aren’t authorized to speak publicly on the matter.